Okay, so maybe she’s not always appeared to be the sharpest tool in the shed, but Courtney Love has figured out the problem with the recording industry’s games, she’s not planning on taking it any more, and not surprisingly, she’s not going to go quietly.

I want to work with people who believe in music and art and passion. And I’m just the tip of the iceberg. I’m leaving the major label system and there are hundreds of artists who are going to follow me. There’s an unbelievable opportunity for new companies that dare to get it right.

How can anyone defend the current system when it fails to deliver music to so many potential fans? That only expects of itself a “5 percent success rate” a year? The status quo gives us a boring culture. In a society of over 300 million people, only 30 new artists a year sell a million records. By any measure, that’s a huge failure.

Maybe each fan will spend less money, but maybe each artist will have a better chance of making a living. Maybe our culture will get more interesting than the one currently owned by Time Warner. I’m not crazy. Ask yourself, are any of you somehow connected to Time Warner media? I think there are a lot of yeses to that and I’d have to say that in that case president McKinley truly failed to bust any trusts. Maybe we can remedy that now.

The Hole thing (sorry) is really quite well thought out and well written. Do yourself a favor and go read it — and pass it on.